Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-06-15
lailg rsss aaA Sakotaiaa
A CRASH WHEAT.
Chicago the Scene Of the
Widest Speculative
Excitement.
Bismsrok and Emperor William
Both on the Sick List---D akota's
Firemen.
4 Crash in Wheat.

A Crash IN Wheat.
Chicago, June M--There was o repe-
tition o. Saturdays panic in the wheat
market this: morning. In less than Ave
minutes from the opening Of the board
July wheat broke 8 cents. III opened ct
1870. broke to, s0Ac, continued in its
downward course until 100 was reached
when q reaction. set In, and wheat ia now
gradually advancing, the last quotation
being 1880 July. Jnne wheat also
plunged from $3.50 to BIO. The exotic
ment was intensified BY the collapse Of
Of the coffee corner In New York and
the numerous wheat receipts here this
morning, which were reported to be
abnnt 100000 bushels.
There is 9 panic In the wheat pit on
the board Ok trade this afternoon. The
great wheat cliGee is utterly demorallz-
ed and is aid to have gone broke on to-
days sensational drop in prices.
Marisz .Rosenfield IL Co, one OF the
clique houses, said toA reporter for an
evening paper at 1890 thisclternoon:
"This wheat clique has not keep it's en-
gagements and we will have to suspend"
ii is feared that q number Of other
houses will 60 to the wall before night.
1850 p. m.--R0senfield 6 Co.'s failure
has iust been announced on the board.
Wheat declined for Juno from, 80 cents
TO 70 cents, q decline OF IL cents per
bushel.
The closing prices al ] p. m. were:
Wheat, cash 74ic, July 75r, August TO.
Corn easier; cash 1880.
Milwaukee. June l4-Such scenes Of wild
excitement as were witnessed on change
to-day have never been known here.
When the break game everybody frantic-
ally tried TO sell wheat and nobody want.
ed to buy. In short time July wheat
had sold off from so8 cents to 77lAcents,
while September dropped from 70 TO
y 1924 cents. Shortly before noon Fill,
Fleitzheim q Go, were compelled to an
] nounce their suspension. They had been
buying for Kershaw & %. Of Chicago,
we're disappointed in NOT receiving re-
n%ittances expected from KerHhAw, and
being also pressed by other houses to
whom they we're indebted yielded to the
pressure. Their. suspension dragged
down Hooker, Crittenden s. Co, and
Frank Wilson, each OF whom il 10 under
stood called for margins, failing to get
which they we're compelled to give mp.
Hill, Fleitzhem g Co, claim the money
needed by them will be forthcoming to-
morrow in which event Hooker, Dritten-
den & 90. and Frank Wilson will also
resume,
ST. Louis, June l4-There was q good
deal Of excitement on change to-day
over the great tumble in the price Of
wheat in Chicago. especially az crowds
have been and are still very bearish
and have been playing the short side
both here and in Chicago. As the break
progressed in Chicago Yery heavy offer
inGs were made here, but there was alsp
aetisA buying by the shorts. The de-
cline therefore was aot great. being less
than ? cents, with slight recovery sat the
close. Most Of traders hsre. being bears
are credited with making profits out Of
the break.
New York, june 4-Aa . result of o
heavy decline at She west, the loesl
wheat market suffered a bad break and
there was considerable excitement on
the pressure to sell. EARLY months are
Che weakest, June and July being down
fully 2@2s4 cents and later deliveries
show 2 loss Of 14@I5s. Tho specula-
tive dealings are the largest in SOM
time MP to the hour Of writing, with
most interest oentered in July, August
September and December deliveries
Heavy receipts at the west was one
..bear' influence. besides there is to be 8
meeting Of the board OF trade directors
in Chicago, relative TO declaring certair
warehouses good reoeptacles for grair
now on track. Ills also rnmored tina
the recent clique is broken.
Gernlnny's sick Wen.
Berlin. June A-Bismarck's condition
das become worse. He is afflicted will
rheumatic pains, which prevent sleep
His DOCTORS advise rest end change o
climate. His Illness, however, prevent
his travelling at present.
y 10 officially announced that En-.
peror William is making remarkabl
progress toward senovery. He rose q
noonsto-day and passed the Afternoon